UK Lays Out Regulatory Model For Artificial Intelligence - AI Summary

The British approach to regulation focuses on high-risk applications, setting aside low risks associated with AI so that innovation will not be hampered, and the industry not burdened with red tape. Unlike the EU approach, where the enforcement of the AI Act will be handed down to a single national regulator for each member state, the UK is planning to give responsibility to a range of them. The principles laid out in the British approach "provide clear steers for regulators, but will not necessarily translate into mandatory obligations", the policy statement warns, encouraging them to "consider lighter touch options in the first instance" instead. London recognises the "inherent cross-border nature of the digital ecosystem" and stresses the need to work "closely with partners" to avoid fragmenting the global market, "ensure interoperability and promote the responsible development of AI internationally". Stakeholders in the AI ecosystem are invited to share their views by the end of September about this regulatory approach to inform a forthcoming White Paper on the implementation of such a strategy.